BOARD OF FINANCE

Committed to Community, Dedicated to Progress.

Andy Russell, Jude Read, Maria Marchant, Matt Olson

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Board of Finance

Andy Russell is an incumbent member of the Board of Finance where he also served for multiple terms as its Chair. Many of his contributions have been paramount to Old Lyme’s top bond rating, creating sound short- and long-term budgets; to managing rising town costs with marginal mil rate increases; and to his excellent relationships with the Selectman’s office and the Region 18 schools. Andy’s contributions in town also include being a member of the Region 18 Facilities Committee, a past Board member of the Lyme Old Lyme Education Foundation, Past Trustee High Hopes, Past Board Member Child and Family Agency. Rounding out his community Andy Russell – R service is over 2 decades with the Rotary Club of New London, including 2 separate terms as President. As VP/GM of 6 radio stations, Andy oversees all staff, and manages budget and sales. With all his responsibilities, Andy puts family first – his wife, Pam, and 3 children who are his pride and joy. Guided by his parents to be active in the community -to get involved and make things better was instilled in him at a young age. Andy proudly states, “One of the most valuable results of volunteering is meeting and working with people that I would not have had the opportunity to meet otherwise.”

Board of Finance

‘Jude’ Read is a multi-term incumbent on the Board of Finance. A small business owner with an accounting/bookkeeping background and a small business consultant, Jude brings the ideal set of skills to the table. Her in-depth knowledge of the town’s budget is augmented by her nearly 4 decades as an active member of the Old Lyme community. Among her volunteer roles, Jude serves or has served Old Lyme on the Board of Education and the boards of the Historical Society, the McCurdy-Salisbury Foundation (Treasurer), and the Chamber of Commerce. She was a driver for Meals on Wheels and along with her husband, donated a building lot for Habitat for Humanity. Jude has also served as a Girl Scout leader. Jude is a 38-year resident of Old Lyme. She lives here with her husband Sloan. They have 2 adult children, Will and Megan. Jude vows “to continue her work on behalf of the town, with special focus on balancing the town’s needs with controlled spending.” While not a simple task, she has proven time and again to be up to the challenge!

Board of Finance- Alternate

Matthew has served as an alternate on the Old Lyme Board of Finance since his election in 2019. In this critical role, Matt has been called upon for his full vote. He is a thoughtful member of the Board who votes in the best interests of our town. Matt holds a BA (with distinction) from Northwestern and has an executive MBA from the Naval Postgraduate School. During his Navy career he received many awards, decorations, and commendations for his service. Following his retirement from the Navy, Matt began a career with a major CT insurance company where he is currently a senior director, supporting strategy and execution. Matt and his wife, Cindy, are 12-year town residents. Their 3 children attended Old Lyme public schools. Matt is passionate about “ensuring that taxpayer dollars are used wisely and efficiently.” Throughout his current term, Matt has proven be an effective voice for the citizens of Old Lyme.